8/16/20112Quantitative FactorsyNumerical factors that include:ySalary -- Current and futureWhen are you reviewed for an increase? What’s the basis for increases?What s the basis for increases?Signing bonusRelocation reimbursementProfit-sharing plans and commissionsEstimating Your SalaryyHow much money will I make?ySalary calculatoryHow much money will I take home?yContinue the salary calculator to estimate take-home pay or go to www.paycheckcity.com.Estimating Your Take-Home PayyWhat mustcome out of your check (involuntary deductions)?yFederal income tax deduction yState income tax deduction (exceptions by state)ySocial Security deduction (FICA)y______________

8/16/20113Estimating Your Take-Home PayyWhat else may come out of your check?yInvestments in your retirement fund (401(k) or 403(b)) and contributions to your ’ lcompany’s pension planyDeductions for insurance – health, life, disabilityyPayment for other items – parking, for exampleyCharitable contributionsAn Example (based on $29,000 annual salary)Gross Pay $2,409.19Federal Withholding $443.72Social Security$149.37Medicare$34.93Georgia Withholding$131.94Net Pay$1,649.23How Much Will You Have?ySome expenses will increase when you start your careeryDisposable Income – Income after buying essentials – and some may be job-related such as memberships and clothingyExpenses will depend on where you live and can vary greatly by locationyCost calculator

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